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It is specifically agreed that the Grantee shall promptly begin and diligently prosecute to completion the redevelopment of the Property through the construc- tion of the improvements thereon, as provided in the Agreement. Promptly after completion of the improvements in accordance with the provisions of -the Agreement, the Grantor will furnish the Grantee with an appropriate instrument so certifying. Such certification by the Grantor shall be (and it shall be so provided in the certification itself) a conclusive determination of satisfaction and termination of the agreements and covenants of the Agreement and of this Deed with respect to the obligation of the Grantee, and its successors and assigns, to construct the improvements and the dates for the beginning and completion thereof. Such certification and such determination shall not constitute evidence of compliance with or satisfaction of any obligation of the Grantee to any holder of a mortgage, or any insurer of a mortgage, securing money loaned to finance the pureahse of the Property hereby conveyed or the improvements, or any part thereof. All certifications provided for herein shall be in such form as will enable them to be recorded with the County Recorder, or Registrar of Titles, Ramsey County, Minnesota. If the Grantor shall refuse or fail to provide any such certification in accordance with the provisions of the Agreement and this Deed, the Grantor shall, within thirty (30) days after written request by the Grantee, provide the Grantee with a written statement indicating in adequate detail in what respects the Grantee has failed to complete the improvements in accordance with the provisions of the Agreement or is otherwise in default, and what measures or acts it will be necessary, in the opinion of the Grantor, for the Grantee to take or perform In order to obtain such certification. SECTION 2. In the event the Grantee herein shall, prior to the recording of the certificate of completion hereinLhove referred to: (a) `ail to begin construction of the Minimum Improvements (as defined in the Agreement) in conformity with the Agreement and such failure is not cured within thirty (30) days after written notice from the Grantor to the Grantee to do so; or (b) Fail to carry out its obligations with respect to the construc- tion of the Minimum Improvements (as defined in the Agreement), or shall abandon or substantially suspend construction work, and any failure, abandonment or suspension shall not be cured, ended or remedied within thirty (30) days after written demand from the Grantor to the Grantee to do so; or (c) Fail to comply with any of its covenants under the Agreement and fail to cure any such noncompliance or breach within thirty (30) days after written demand from the Grantor to the Grantee to do so; or then the Grantor shall have the right to re-enter and take possession of the Property and to terminate and revest in the Grantor the estate conveyed by this Deed to the Grantee, its assigns or successors in interest, but only if the events stated in Section 2 have not been cured within the time periods provided above. C-2